Echo Automotive, Inc. (fka ECAU)

[ChipnBella]

Recently the company told everyone that they were broke and couldnt repay their loan. The company closed their doors, sent all employees home and shut down operations. The Lenders got together and held an auction, I think just about everything was sold or bought out however I read a conflicting story stating that nobody showed up at the auction except for the lender. The only thing this company still has is the patent rights to the technology. No operations or revenue generating items but this is all in my head dont make a trade because of me. Speculative Buy - Hold and see if someone comes in and scoops it up to make something happen. Never Know and just so everyone knows I am invested but small position with 95K shares.